Caris Life Sciences (CAI) Operating Expenses (2024 - 2026)
Caris Life Sciences' (CAI) quarterly Operating Expenses came in at $210.9 million in Q1 2026, up 17.9% year-on-year from $178.9 million in Q1 2025, and up 3.14% quarter-over-quarter from $204.5 million in Q4 2025.
Caris Life Sciences (CAI) Operating Expenses (2024 - 2026) Analysis & Trends
Caris Life Sciences' Operating Expenses history runs 3 years deep, the most recent figure standing at $210.9 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 17.9% year-over-year to $210.9 million in Q1 2026; TTM through Mar 2026 was $798.9 million, a 18.3% increase from a year earlier, with the FY2025 full-year figure at $766.9 million, up 14.57% from the prior year.
- Operating Expenses rose to $210.9 million in Q1 2026 per CAI's latest filing, from $204.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $210.9 million in Q1 2026 and bottomed at $162.5 million in Q3 2024.
- The 3-year median for Operating Expenses is $181.5 million (2025), against an average of $184.3 million.
- Biggest YoY gain for Operating Expenses was 22.47% in 2025; the steepest drop was 13.37% in 2025.
- Year by year, Operating Expenses stood at $167.0 million in 2024, then grew by 22.47% to $204.5 million in 2025, then increased by 3.14% to $210.9 million in 2026.
- Per Business Quant, the three latest CAI Operating Expenses figures stand at $210.9 million (Q1 2026), $204.5 million (Q4 2025), and $184.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 1.10 Bn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -3.78 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 2.89 Bn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | 445.22 Mn |
| 10 | Caris Life Sciences | 4.42 Bn | 3.60 Bn | 214.23 Mn | 210.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 210.89 Mn |
| Dec 31, 2025 | 204.48 Mn |
| Sep 30, 2025 | 184.19 Mn |
| Jun 30, 2025 | 199.39 Mn |
| Mar 31, 2025 | 178.87 Mn |
| Dec 31, 2024 | 166.96 Mn |
| Sep 30, 2024 | 162.46 Mn |
| Jun 30, 2024 | 167.06 Mn |